News and Ideas (25)
Deeply concerned by the huge illicit financial flows (IFFs) from Africa, TrustAfrica, Dakar, Senegal held a two-day capacity-building workshop for journalists and media professionals in the West African sub-region working on issues related to IFFs.
At the end of the 2-day workshop, which was held from June 23-24, 2022, the participating journalists resolved and affirmed as follows:
TrustAfrica organise une table ronde qui se tiendra le 24 juin 2022 à 16h30 à La Place du Souvenir, à Dakar, Sénégal. Cette table ronde publique est la dernière partie de l’atelier de formation pour les journalistes sur les Flux Financiers illicites.
Les crises récentes ont montré combien est critique la question de la mobilisation des ressources internes pour faire face aux pandémies et autres grands défis du moment, et pour le développement de l’Afrique. La lutte contre les flux financiers illicites (FFI) est donc devenue, plus que jamais, une question d’une urgence absolue. La perte que subit notre continent du fait de ces FFI qui s'élèvent à 88,3 milliards de dollars par an et représente 3,7 % de son produit intérieur brut (PIB), une manne qui pourrait être canalisée pour faire avancer la transition vers une Afrique post-COVID et la transformation structurelle et le développement du continent.
On Friday, 04 February 2022, TrustAfrica's Programs Director, Briggs Bomba is giving a keynote at the side session during the Africa Union (AU) Summit themed 'Building resilience in nutri on on the African con nent: Accelerate the human capital, social and economic development. The side session is hosted by The Stop the Bleeding (STB) Campaign. The session is themed “Reaffirming the People's Demand for a Pan African Agenda on Finance and Development.” While COVID-19 has made the need for global solutions to global challenges more urgent, the Global North has half-heartedly supported efforts to enhance equitable access to vaccines. Likewise, opportunities to address the long-standing challenges of harmful tax competition on fuelling corporate tax avoidance, systemic gender inequality, sustainable debt financing, and addressing climate change have failed to prioritize the Global South. Last year, through its consortium members, the Stop the Bleeding Campaign made impassioned demands on global minimum tax reforms and sustainable debt management. Notably, the AU Special Envoys recommended that AU develop a common African position for the reform of the international financial architecture and advocate for this objective. Some of the critical highlights of AU Special Envoys included implementing the recommendations of the Addis Ababa Action Agenda on debt sustainability and improving domestic resource mobilization to support Africa's development financing by upscaling efforts to curb illicit financial flows and enhance revenue collection by strengthening tax administrations.
